Missed Credit Payments Dipped in Q2, but Consumers Under 36 Struggling with Debt

Missed credit payments dipped in Q2, but consumers under 36 struggling with debt

There's a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.

1.4 million consumers missed a credit payment in second quarter: Equifax

A new Equifax report shows 1.4 million Canadians missed a credit payment in the second quarter, down from the first quarter.

1.4 million Canadians missed a credit payment in second quarter - MoneySense

There’s a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.  It shows 1.4 million Canadians missed a credit payment in the second quarter. While that’s up by 118,000 compared with the same time last year, it’s down slightly from the first quarter.  Rebecca Oakes, vice-president of advanced analytics at Equifax Canada, said it’s “a bit of good news” to see the delinquency rate …

1.4M consumers missed a credit payment in second quarter: Equifax report - Canadian Mortgage Trends

There's a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows.